(SEC Filing) Meme stock AMC Entertainment Holdings extended losses in premarket after closing down almost 9% on Thursday after top chiefs sold more stock.
AMC CEO Adam Aron sold 312,500 shares worth $9.65 million on December 7 at an average price of $30.867. The sales follow another $25 million last month.
The CFO Sean Goodman sold all his 18,316 shares at the price of $30.862 on the same day. The sales exclude about 600,000 shares subject to performance and continued service.
Aron has previously defended stock sales saying he still owns millions of units in the company.
Other AMC top executives and board members have been selling the stock, which has enjoyed a stellar rise at the back of retail frenzy this year.
Aron now owns 95,997 shares, which excludes up to 2.9 million performance-based issuances in the future.
AMC shares have now fallen by 28% in the past month.
AMC: NYSE is down -1.56% on premarket.
